Active Listing  ·  290 days on market

242 Melody Rd

Lockhart, TX 78644
$474,900
4 Bed 4 Bath 2,600 sqft $183/sqft Built 2026 0.17 acres 3-Car Garage Pool New Construction Juniper Springs

Step through the inviting front porch and into a grand main hallway boasting a soaring 12-foot coffered ceiling. Lining the main hallway are the secondary bedrooms, offering privacy and comfort. One of these bedrooms doubles as a guest suite, complete with its own private bathroom. The main entryway seamlessly transitions into the spacious family room, distinguished by a corner wall of windows that flood the space with natural light and offers easy access to the covered backyard patio. Adjacent to the family room, the dining area effortlessly flows into the kitchen, with an expansive island with built-in seating and a corner walk-in pantry. French doors lead from the family area into the game room, a space for leisure and entertainment, illuminated by another wall of windows that bring the outdoors in. Retreat to the luxurious primary bedroom, adorned with three large windows that infuse the room with light. The adjoining primary bathroom features dual sinks, a relaxing freestanding tub, a separate glass-enclosed shower, and two walk-in closets. Completing the layout are the utility room and mudroom, conveniently located off the three-car garage.

At $183/sqft, this home is 47% below the Lockhart active market average of $344/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

242 Melody Rd, Lockhart, TX 78644

Property Details

Price $474,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,600 sqft
Lot Size 0.17 acres (7,501.03 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Juniper Springs
County Caldwell
Zip Code 78644
$/sqft $183/sqft
Days on Market ,
HOA $800/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT217444268
List Date January 26, 2026
Elementary School Borchert Loop
Middle School Lockhart
High School Lockhart
School District Lockhart ISD

Lockhart ISD

Borchert Loop · Lockhart · Lockhart

Luke Allen (TREC #788149) has deep knowledge of Lockhart and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 26, 2026 $549,900
Previous ask $499,900
Current ask $474,900
▼ Reduced $75,000 (-13.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Lockhart

Comparable Listings Right Now

Homes currently for sale in Lockhart with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
3802 Sonesta St
JUNIPER SPRINGS
$494,900 $196 4 bd / 3 ba 2,529 sqft , 2026-10-19
3929 Wishing Well Dr
Juniper Springs
$449,900 $187 4 bd / 3 ba 2,410 sqft , 2026-10-17
335 Melody Rd
Juniper Springs
$499,900 $193 4 bd / 3 ba 2,593 sqft , 2026-10-17
319 Foxfire Cv
Juniper Springs
$499,900 $196 4 bd / 3 ba 2,545 sqft , 2026-10-17
3927 Wishing Well Dr
JUNIPER SPRINGS
$509,900 $187 4 bd / 4 ba 2,725 sqft , 2026-10-29

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,280/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$94,980
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (assumed ~2.1%)−$831
Insurance (assumed ~0.5%)−$198
Est. Monthly Cash Flow $-1,341

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Lockhart, TX

Lockhart sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 8, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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